MAH 0.00% 28.5¢ macmahon holdings limited

Underwritten by Deutsche Bank AG, Sydney Branch and Macquarie...

  1. 96 Posts.
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    Underwritten by Deutsche Bank AG, Sydney Branch and Macquarie Capital (Australia) Limited.

    Not happy at all but in searching for a silver lining, at least it is an entitlement offer so shareholders who take up their allotment will not get diluted. 2 for 3 of the current number of shares equals exactly $ 80M at $0.16 a share.

    More to the point, the management of this company previously had a good reputation but looking back at all the recent announcements, I think their reputation has taken a steep dive.
 
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